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Source: chronicle.co.zw
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The move, according to the RBZ, meant to enhance foreign exchange resources needed to settle national and international obligations that normally require foreign currency.
Zimbabwe Stock Exchange (ZSE) listed horticulture firm, Tanganda Tea Company intends to expand its regional footprint to grow its export proceeds and dilute the impact of foreign exchange surrender requirements on forex revenue. This comes after the company’s export revenue grew despite registering a fall in volumes due to the impact of the El Nino…